Bitcoin ETFs see $4 billion in volume, with spot ETFs responsible for $3 billion

8 months ago

Bitcoin ETFs experienced much than $4 cardinal successful trading volume, according to unrecorded information from CoinGlass astatine 11:30 p.m. UTC.

Precisely, $3.11 cardinal successful measurement was dispersed betwixt 9 spot Bitcoin ETFs. The 5 spot Bitcoin ETFs with the largest volumes were:

  • Grayscale Bitcoin Trust, with $1.83B successful volume
  • BlackRock’s iShares Bitcoin Trust, with $971M successful volume
  • Fidelity Wise Origin Bitcoin Trust, with $436M successful volume
  • Ark/21 Shares Bitcoin Trust, with $151.53M successful volume
  • Bitwise Bitcoin ETP, with $78.35M successful volume

Bitcoin futures ETFs added $983 cardinal of volume, chiefly made up of ProShares’ Bitcoin Strategy ETF with a $971 cardinal volume.

Spot and futures Bitcoin ETFs reported a measurement of $4.09 billion. CoinGlass listed information for 23 futures and spot ETFs, with terms and measurement information disposable for each but 3 funds.

Spot Bitcoin ETFs implicit archetypal days of trading

Spot Bitcoin ETFs person present concluded their archetypal days of trading since the U.S. Securities and Exchange Commission (SEC) approved those products connected Wednesday, Jan. 10 and since trading began connected Thursday, Jan. 11.

Negative sentiment toward Vanguard’s determination against supporting Bitcoin products remains circulated connected societal media. Bloomberg ETF expert Eric Balchunas suggested contiguous that “fury towards [the] SEC has been redirected astatine Vanguard” for its anti-Bitcoin policies. He conceded that Vanguard has the close to ain listing decisions arsenic a backstage company.

Other reports code spot Bitcoin ETFs and their potential influence connected BTC prices, BlackRock’s introduction into the database of the top 15 Bitcoin holders, and Samson Mow’s prediction of a supply shock partially driven by spot Bitcoin ETFs.

The station Bitcoin ETFs spot $4 cardinal successful volume, with spot ETFs liable for $3 billion appeared archetypal connected CryptoSlate.

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